Submitted by AyCalvin t3_1247pm3 in wallstreetbets
preface: this is for sure borderline shit posting, i wanted to flag it YOLO but it needs to be 10k, so mods, I am sorry in advanced but...
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Hi, I lost on spy puts today, so in revenge, I opened up 3.2k baba calls (35 of $90 3/31 calls, 5 of $89 3/31, and 5 of $88 3/31). Right when 4pm hit, I realized hmmm, that may have been really dumb. Now hear me out, no worries, I did my DD! ^(I looked at twitter, reddit, and a lousy Robinhood chart, and I think I saw some nice call flow which is probably just writers buying their contracts back...) So yeah, am I screwed? you tell me. I personally think that $Baba is a ^(lil) undervalued, cause my god, they own the majority of Chinese ecommerce. I don't know, maybe they don't. Just do me a favor and leave a comment "hey man they're going to be up 8% tomorrow. It would mean a lot,. thanks for listening to my TedTalk. Mods, I understand if I must be put down like the dog I am. Also please be nice, I am sensitive.
EDIT: PREMARKET WHAT 7% HOW WAIT I MEAN YEAAAA I KNEW WHAT I WAS DOING
edit 2: im still selling, i got out mostly at the open. ADRs and robinhood optjons don’t go well together. will make update post soon<3